State of Wyoming Makes New $831,000 Investment in Keurig Dr Pepper, Inc $KDP

State of Wyoming acquired a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the fourth quarter, Holdings Channel.com reports. The firm acquired 29,652 shares of the company’s stock, valued at approximately $831,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Sivia Capital Partners LLC acquired a new position in Keurig Dr Pepper in the 4th quarter worth $259,000. Lido Advisors LLC lifted its holdings in Keurig Dr Pepper by 6.5% in the 4th quarter. Lido Advisors LLC now owns 51,393 shares of the company’s stock worth $1,386,000 after buying an additional 3,148 shares in the last quarter. Anchor Capital Advisors LLC lifted its holdings in Keurig Dr Pepper by 13.8% in the 4th quarter. Anchor Capital Advisors LLC now owns 1,297,998 shares of the company’s stock worth $36,357,000 after buying an additional 157,438 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Keurig Dr Pepper by 1.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 7,256,874 shares of the company’s stock worth $203,265,000 after buying an additional 106,757 shares in the last quarter. Finally, Westpac Banking Corp lifted its holdings in Keurig Dr Pepper by 21.6% in the 4th quarter. Westpac Banking Corp now owns 16,677 shares of the company’s stock worth $467,000 after buying an additional 2,967 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analyst Ratings Changes

KDP has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Citigroup cut their price objective on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. UBS Group boosted their price objective on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, April 24th. JPMorgan Chase & Co. upped their target price on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Hold” and an average price target of $31.57.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $30.06 on Friday. The firm has a market cap of $40.90 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.40 and a beta of 0.41. The firm’s 50-day simple moving average is $27.92 and its 200-day simple moving average is $28.09. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 EPS. Equities analysts forecast that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio is 68.15%.

Keurig Dr Pepper Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.